Retirement saving of the self-employed

Crawford, Rowena; Karjalainen, Heidi

doi:10.1920/re.ifs.2020.0181

Cited by 5 publications

(2 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moreover, it does not appear that other financial assets are acting as a substitute for pension saving among the self-employed. Crawford and Karjalainen (2020) find that over the last 20 years the proportion of individuals saving in either a pension, savings account, ISA or shares declined, and more rapidly for the self-employed than for employees. Were these patterns driven by an increase in those who are only self-employed for a short period -who might therefore save relatively bigger amounts in other years when they were conventionally employed -then these trends might not be so concerning.…”

Section: Challenges From the Labour Marketmentioning

confidence: 87%

“…Were these patterns driven by an increase in those who are only self-employed for a short period -who might therefore save relatively bigger amounts in other years when they were conventionally employed -then these trends might not be so concerning. But evidence presented by Crawford and Karjalainen (2020) suggests that the sharp drop in the pension saving rate among the self-employed over the last two decades is particularly large among the long-term self-employed (that is, those who have been self-employed more than seven years, which is about half of the self-employed). Moreover, there is evidence that the self-employed who do contribute to a pension often leave their contributions unchanged for extended periods: one-intwo contribute the same cash amount in one year as the last, and remarkably one-in-four contribute the same cash amount as nine years earlier .…”

Section: Challenges From the Labour Marketmentioning

confidence: 99%

See 1 more Smart Citation

Challenges for the UK pension system: the case for a pensions review

Karjalainen¹,

Cribb²,

O'Brien³

et al. 2023

View full text Add to dashboard Cite

The abrdn Financial Fairness Trust has supported this project (grant reference 202206-GR000068) as part of its mission to contribute towards strategic change which improves financial well-being in the UK. Its focus is on tackling financial problems and improving living standards for people on low-to-middle incomes. It is an independent charitable foundation registered in Scotland. Co-funding from the ESRC-funded Centre for the Microeconomic Analysis of Public Policy at IFS (grant number ES/T014334/1) is also gratefully acknowledged.

show abstract

Section: Challenges From the Labour Marketmentioning

confidence: 87%

Section: Challenges From the Labour Marketmentioning

confidence: 99%

Challenges for the UK pension system: the case for a pensions review

Karjalainen¹,

Cribb²,

O'Brien³

et al. 2023

View full text Add to dashboard Cite

show abstract

Generosity of old‐age pensions for the self‐employed—A typology of European welfare states

Höppner

2024

Int J Soc Welfare

View full text Add to dashboard Cite

Research on pension generosity has so far used employees in standard employment as the reference point, ignoring nonstandard forms of employment such as the self‐employed. Moreover, as one of the major concepts of welfare state analysis, generosity has not been considered in research on the old‐age security of the self‐employed. Hence, there is a ‘missing link’ between the two strands in the literature. This paper aims to close this research gap by analysing the differences between 12 European welfare states regarding the generosity of old‐age pensions for the self‐employed. Based on the degree of strictness of access and benefit level, a typology is developed that results in four types of generosity: high generosity, low generosity, basic security and selective generosity.

show abstract

Solo self-employment, entrepreneurial subjectivity and the security–precarity continuum: Evidence from private tutors in the supplementary education industry

Holloway

Pimlott‐Wilson

2021

Environ Plan A

View full text Add to dashboard Cite

Entrepreneurship is regarded by policy makers and politicians as an accelerant for economic development. Economic geography demonstrates that rather than stimulating entrepreneurship in general, policy makers should support specific forms of entrepreneurship that fuel wider growth. The paper's original contribution is to insist that entrepreneurship research must also explore less growth-oriented, but crucially very widespread, forms of entrepreneurial activity. The paper therefore places solo self-employment – the self-employed without employees – centre stage as an exemplar of this trend. Research is presented on private tutors who run businesses from home, offering children one-to-one tuition in the burgeoning supplementary education industry. The paper scrutinises the causes, configuration and consequences of such solo self-employment as an economically marginal, but numerically dominant, form of entrepreneurship. In so doing, it makes three conceptual advances in the exploration of heterogeneous entrepreneurship. First, in examining why individuals become self-employed, the paper moves beyond classic efforts to understand entrepreneurship through binary push/pull mechanisms in models of occupational choice. Instead, the analysis demonstrates the importance of risk in entrepreneurship and paid employment, highlighting the multiple pathways into solo self-employment as opportunities and constraints coalesce in individual's lives. Secondly, in considering how the solo self-employed think about business, the research breaks through conventional definitions of entrepreneurship to demonstrate that solo self-employment involves a distinctively entrepreneurial subjectivity and practices. Thirdly, by investigating the consequences of solo self-employment, the findings transcend dualist interpretations of self-employment as the realm of entrepreneurial wealth or economic precarity, highlighting instead a security–precarity continuum in immediate and long-term outcomes.

show abstract

Retirement saving of the self-employed

Cited by 5 publications

References 3 publications

Challenges for the UK pension system: the case for a pensions review

Challenges for the UK pension system: the case for a pensions review

Generosity of old‐age pensions for the self‐employed—A typology of European welfare states

Solo self-employment, entrepreneurial subjectivity and the security–precarity continuum: Evidence from private tutors in the supplementary education industry

Contact Info

Product

Resources

About